The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | MRDN | DH | AVNW | SKIL |
|---|---|---|---|---|
| Moat Score (0–100) | 41 (highest) | 41 (highest) | 41 (highest) | 41 (highest) |
| Pricing power | 70 | 99 (highest) | 50 | 98 |
| Returns on capital | 14 (highest) | 0 | 7 | 0 |
| Balance-sheet safety | 55 | 28 | 76 (highest) | 28 |
| Capital discipline | 24 | 29 | 44 (highest) | 31 |
| Margin of safety | No price data | No price data | 97% above value | No price data |
| Market cap | $170.9M | $79.3M | $264.0M | $56.6M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2026 |